Latest Instagram Photos

Everything Bubble. Fueled by cheap credit and quantitative easing monetary policies equities, commodities, and loans are at an ATH. Several key signals point to a looming crisis in all of these sectors. The Fed Funds rate has been steadily climbing from its nadir during the last crisis and will trigger a massive deflation of this unhealthy economy lead by corporate bonds. And it may not take much of a rate hike to impact markets as US national debt is much (much) higher this time around.
.
.
.
Reference: Clarity Financial
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

3 3715 hours ago

Advertisements

Islamic Financial Expert Affirms That Cryptocurrency Is “Halal”
The Chairman of the International Business Forum (IBF) Erol Yarar has urged Islamic countries to embrace a common type of cryptocurrency system. The call was made due to the growing concerns among Muslim states on the overwhelming nature of the U.S. dollar and its grip on the world financial markets,reported Anadolu Agency on November 5, 2018.
..................... Interestingly, earlier in May 2018, BTCManagerinformed that the Shacklewell Lane mosque in London had accepted bitcoin and etherdonations for Zakat and Sadaqah during the last Ramadan season.
#Bitoin#cryptocurency#blockchain#financial#btc#bitcoinnews#bitcoinhodler

0 4yesterday

"Bitcoin is not a good idea." - Central Banks.
"E-Mail is not a good idea." - Post Offices.
"The internet is not a good idea." - Magazines.
"Amazon is not a good idea." - Sears Roebuck.
"Television is not a good idea." - Radio Stations.
#bitcoinhodler#bitcointoday#Bitcoin

US Deficit Spending and the Next Great Depression. The US is running a massive debt yet is expected to add $1.5T in the next fiscal year. Where is this money going? What’s next on the horizon?
.
Following is a summary of “The Economic Consequences Of Debt” by Tyler Durden (Zerohedge)
.
U.S. is currently running a nearly $1 Trillion dollar deficit during an economic expansion.
.
Nearly 75% of every tax dollar goes to non-productive spending.
.
Unbridled deficit spending simply “pulls forward” future consumption leaving a void that must be filled.
.
More debt is more economically destructive by diverting an ever growing amount of dollars away from productive investments to service payments.
.
Economy expected to grow at just 2% over the long-term, the economic deficit has never been greater.
.
Debt used to sustain US household standard of living well beyond what income and wage growth could support.
.
Real wage growth remains primarily stagnate, consumers are forced to turn to credit to fill the gap in maintaining their current standard of living.
.
The massive indulgence in debt has simply created a “credit-induced boom” which has now reached its inevitable conclusion.
.
When credit creation can no longer be sustained, the markets must clear the excesses before the next cycle can begin.
.
A reversion to a structurally manageable level of debt would involve a nearly $40 Trillion reduction of total credit market debt from current levels.
.
The last time such a reversion occurred the period was known as the “Great Depression.”
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

Bitcoin Wallets. Continued strong growth in Bitcoin wallet despite the price drop. However an individual may have more than 1 wallet and this may simply be a behavioral usage indicator—users are generating a new wallet for each transaction (recommended).
.
The second graph shows number of unique Bitcoin addresses used. It dipped after the bubble burst but since about mid June 2018 has slowly, steadily climbed. We could interpret this as renewed interest and accumulation.
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

4 3310:58 AM Nov 9, 2018

Bitcoin’s hashrate has been steadily climbing through much of this year despite the precipitous drop in price. However, over the last several weeks hashrate trend has been flat in line with the Bitcoin’s narrow price range.
.
Interestingly in 2015 hashrate also flattened during the bear market (2nd pic) and remained flat until there were signs of price recovery (orange line).
.
We can look at the current hashrate trend as the end of the blow off period from the 2017 bubble. However going forward it is not clear if Bitcoin will replicate the 2015 market with continued price pressure or trade in a narrow range until breaking the current resistance to the upside.
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

2 2510:23 AM Nov 8, 2018

Bitcoin and the Fed
.
Federal Reserve of St. Louis is “crypto friendly.” They are providing basic price information about Bitcoin and a few others.
.
Their blog posts and fintech article approach Bitcoin with extreme caution. Yet its inclusion in monetary policy discussion is a very encouraging sign.
.
Read more at
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

2 4212:22 PM Nov 7, 2018

Happy birthday Bitcoin!!! We have a HUGE birthday today y'all! 🎂🎉🎊 A decade ago today, Bitcoin's founder Satoshi Nakamoto published a nine-page long academic style paper called "Bitcoin: A Peer-to-Peer Electronic Cash System." The paper would go on to act as the founding text for the cryptocurrency, and lead to the first Bitcoin transactions being carried out on January 3rd 2009.
It's impossible to say how much bitcoin has increased in price single its earliest incarnation, because its value back then was in the fractions of cents. A conservative estimate, based on bitcoin's current price being around $6,300 per coin, and its early price being less than $0.01, would see bitcoin's value increasing more than 1 million fold in the last decade.
Congratulations to all the early adopters. Let's continue "rackin' 'em up". #BitcoinHODLer#IamaBitcoinMiner#IamaCryptoTrader#IamaCryptoConsultant#Bitcoin#Cryptocurrency#Blockchain
Kagwiriaminesbitcoins.com

Briefly coming out from the shadows that I've been in for the last few days due to a medical emergency to share this... If you only knew how big this is about to be, you'd be rushing to get yourself some Bitcoin investment going. Bitcoin is about to take over, in the manner we were told the internet would take over, 20 years ago.
Why do I say this? A proposal to radically expand the capabilities of bitcoin internationally such that it would be able to add vast new features to its limited supply of cryptocurrency has been reported. When this takes place, watch out for a $100,000 Bitcoin. I can't wait!!! 💃🏾💃🏾💃🏾 #BITCOIN#BITCOINMINER#GIRLWHOMINESBITCOIN#BITCOINHODLER#CRYPTOCURRENCY#BLOCKCHAIN#ASKME4HELP

😤😤😤 Kenya my motherland and America my homeland... when oh when will we catch up? Congratulations making these huge strides towards Bitcoin and crypto adoption Canada. 🙏🏾🙏🏾🙏🏾 Watch out for a YouTube video tonight on my channel talking about Canada's cryptocurrency advancements. 📣📣📣 Exciting to see Bitcoin ATM manufacturer BitAccess announcing a while ago the launch of its bitcoin purchasing service to 6,000 physical storefronts across canada. Through a Flexepin bitcoin voucher, people can now purchase bitcoin in physical stores with cash or debit card. BitAccess says the process is much like buying a gift card.
#BITCOIN#BITCOINMINER#GIRLWHOMINESBITCOIN#BITCOINHODLER#CRYPTOCURRENCY#FINANCIALFREEDOM

BitcoinHodler still has many mysteries ...
I do not know well even if I watch telegrams ...
I want official information as soon as possible.
#BitcoinHodler#dApps#blockchaingame

3 78:11 PM Sep 4, 2018

Crypto retail adoption is still in its early phase yet spreading across the planet. Retail demand will spike once we cross a tipping point and rate of adoption will become exponential.
.
Custodial management is a current institutional bottleneck. Once these arrangements are in place we will see a wave of institutional money entering the space.
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

5 418:18 PM Sep 3, 2018

Bitcoin Cloud (Update). Price has recovered from the recent low of Aug 14 and breached $7K, breaking out of the range locked action of the last several days.
.
Now above Tenkan-sen (blue line) and meeting resistance at Kijun-sen (purple line). The cloud will provide additional resistance but it is relatively thin with $7900 as a near term strong resistance (top of the cloud). If price breaks to $8K, Bitcoin may seen $10K soon.
.
On balance volume and directional movement are positive (not shown). However, this is still a precarious market and caution is warranted.
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

Venezuela Hyperinflation. 1 kg of tomatoes costs $5 million bolivares. As Venezuela’s economy continues to implode some are looking for financial refuge in Bitcoin.
.
2nd figure shows Venezuelans buying Bitcoin as a hedge against their own currency despite the correction.
.
Photo from Quartz.com
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

3 356:19 PM Aug 21, 2018

Bitcoin Accumulation Study. This graph is a representation of Bitcoin’s accumulation pattern. It shows that there has been continued positive accumulation of Bitcoin over the last several months despite the price correction.
.
The red line is the 200 DMA. Although the line has flattened it is still points to continued buying of the asset in this timeframe.
.
Overall this is a bullish indicator and (to me) shows that sellers are being replaced by new buyers who chose to hold Bitcoin.
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

5 437:55 AM Aug 18, 2018

Bitcoin Update (Cloud). Price action these last few weeks has wiped out the late July rally. Bearish TK cross on August 14 (blue below purple) and price is trending below the cloud back into bear territory.
.
On balance volume and directional indicator are also in bear territory (not shown). Strong positive volatility around the $6K level for the last week has kept price from collapsing into the $5K range.
.
In the next update I will show that Bitcoin is still on a long term accumulation pattern despite the drop in price.
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**

4 376:02 AM Aug 16, 2018

Hyperbitcoinization. The theoretical state/time when Bitcoin becomes all money (see my Medium article, link in profile). We may be seeing early stages of this in countries with run away inflation.
.
In the last month a cup of coffee in Venezuela doubled in price to 2 million Bolivars. The second chart shows that even during Bitcoin’s price correction, Venezuelans were still and increasingly buying Bitcoin.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

11 4210:04 AM Jul 27, 2018

Bitcoin Bubble Watch (Update). Strong action last two weeks has put price nearly back on track to the next bubble. My bubble estimate has been pushed forward due to the recent lows. New ATHs will be within a range spanning the end of 2018 and early 2019.
.
Nearly all indicators green but expect a bit pullback in the near term, followed by consolidation. If the bull market is back should see another run up and attempt to break 10K.
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

Bitcoin Price vs Hashrate (Update). Hashrate (a measure of computing power) reach new ATHs despite the deep price correction this year. This is a bullish divergence.
.
Top panel is Bitcoin weekly price graph. Bottom is the hashrate. Black lines show us that as price fell, miners continued to secure the network and hashrate grew exponentially.
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

5 436:48 PM Jul 20, 2018

Bitcoin Update (Traditional and Cloud). Bullish activity last few days which has pushed price back into my channel to new ATHs. Break above the 50 DMA (green line) and approaching 128 DMA (orange line).
.
Cloud chart confirms sentiment. Price has moved above Tenkan-sen and Kijun-sen (blue and purple lines). Lagging span (black line) reinforces the positive shift. A break into the cloud will add momentum to the move.
.
Other indicators such as on balance volume and directional movement (not shown) have also shifted into positive territory.
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

Bitcoin (Accumulation Study). This accumulation-distribution graph shows Bitcoin supply and demand. The red line is the 200 DMA. Despite the current bear market demand for Bitcoin remains relatively strong. This is a bullish divergence pointing to price recovery.
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

12 355:13 PM Jul 9, 2018

Bitcoin Update. Big break to the upside over the last few days and price has moved toward the upper Bollinger band. Still within the downward trend channel and approaching midterm resistance at $6900 (horizontal white line).
.
Price is sitting in the lower part of my channel to new ATHs (purple curves) but still within the last “exit zone” marked by the lower green triangle.
.
Despite this move many zones of resistance ahead before confirming a long term bull trend. Price is still below 200, 128 and 50 DMAs.
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

4 344:59 PM Jul 2, 2018

Bitcoin Update (Cloud, Longterm). Price just entered the cloud and will likely break lower at the end of the next weekly cycle. TK bear cross (blue below purple line) week of May 28th signaled continued downward pressure.
.
Going forward price recovery will face multiple zones of resistance and will likely take several consecutive positive weeks before breeching the cloud again.
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

5 445:40 PM Jun 29, 2018

Bitcoin Mayer Multiple. This indicator can be thought of as a longterm buy/sell signal. It is “distribution chart of the multiple of the bitcoin price over the 200-day moving average.”
.
As of today, the MM is 0.62 and historical price has been higher 94.8% of the time. As you can see in the chart Bitcoin is near an MM low seen in 2015.
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

4 375:21 PM Jun 28, 2018

E chi resiste ad uno sguardo del genere? 😎😉😅

2 119:24 AM Jun 28, 2018

Bitcoin Difficulty. This parameter has been rising despite the substantial drop in price this year and indicates miners are continuing to invest in the Bitcoin network signaling longterm bullish sentiment on price.
.
The difficulty parameter keeps the average time between blocks stable even as the hash power changes (up or down). .
This is a parameter representative of “the number of repetitions of the hash function a miner must go through in order to get an acceptable result.”
.
Satoshi Nakamoto defined the parameter’s purpose "To compensate for increasing hardware speed and varying interest in running nodes over time, the proof-of-work difficulty is determined by a moving average targeting an average number of blocks per hour. If they're generated too fast, the difficulty increases."
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

Bitcoin vs Adobe. Many on cryptotwitter compare Bitcoin to the dotcom bubble. Adobe is a good dotcom reference for Bitcoin’s current price action.
.
Chart 1 is Adobe during the dotcom bubble and bust. Looks very much like Bitcoin’s current chart (second image).
.
The circled areas correlate to where Bitcoin is relative to Adobe’s chart. It’s near the end of this down cycle.
.
The third chart is Adobe over the last 20 years and if history somewhat repeats itself Bitcoin will recover to new ATHs.
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

4 4911:55 AM Jun 25, 2018

Bitcoin RSI Study (Longterm). Relative Strength Index is a momentum indicator and can signal market strength or weakness.
In the weekly chart the RSI is below 50 (neutral) but not deep in oversold territory. In the previous bear market RSI dipped below 30 twice before beginning a recovery period.
.
In the monthly chart the RSI is near 50 (neutral) and as shown in the prior bear market it dipped nearly to 40 before turning.
.
Both charts show potential continued bear market conditions and downward price pressure. .
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

4 3711:40 AM Jun 24, 2018

5 409:10 PM Jun 19, 2018

Bitcoin vs Bitcoin Shorts Update. Shorts (blue-green area) went parabolic beginning around May 23rd and have reached recent highs. The spike between June 6th and 12th coincided with the precipitous drop in Bitcoin price over the last few days.
.
Price has fallen into a channel formed by the two purple curves. These delimit potential paths forward to new ATHs end of 2018/early 2019. However, volume and continued negative indicators across the board are placing strong pressure to keep price down in bear territory in this timeframe.
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

4 429:27 PM Jun 17, 2018

Bitcoin Money Flow. Chart depicting 24 hour money flow from various currencies to Bitcoin and other cryptocurrencies. US Dollar to Bitcoin = $2.12B over the last 24 hours. Data from conlib.io.
.
.
.
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

GBTC Gap Study. The Grayscale Bitcoin Investment Trust shares tracks Bitcoin market price. Each share is worth 0.00100 Bitcoin. The shares trade at a premium to Bitcoin but we can derive short and long term cues from its chart as these two assets are highly correlated.
.
GBTC unlike BTC does not trade 24/7 and at times results in price gaps. Gaps are differences in opening and closing prices and reflect after hours market sentiment. Gaps are usually “filled” at some point in the future unless there is a runaway gap (gap + high volume). Think of gaps as magnets - attracting price up or down.
.
The bottom green line is a runaway gap and considered “filled” as it was accompanied by a substantial volume spike. The red lines are gaps that act as price magnets. The dotted orange line is current price.
.
Currently GBTC (and therefore BTC) are trending toward the next GBTC gap at $9.5. This is about 15% below the current price. If this gap is filled Bitcoin will drop about 15% to the $5500 range. If support does not hold at this level then price may drop further to fill the remaining gaps (above the green line).
.
If support holds then the next GBTC gap is at $31 well above the current price of $11.5. This will act as a magnet and pull price up. As Bitcoin is highly correlated to GBTC we can project Bitcoin moves up to $19K—a return to December 2017 ATHs. Short term outlook is weak, mid term soft, long term strong.
.
.
.
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

7 288:11 PM Jun 14, 2018

Bitcoin Update (Cloud). Deep red candle on June 10th effectively closed the “gap” set up on April 12th. Although not a gap in the traditional sense (as crypto trades 24/7), the April 12 rally had mixed on balance volume, neutral volatility and a directional bear cross which signaled it was not a runaway gap (which can lead to long term bull runs).
.
Additionally price has remained below or in the lower part of the cloud and there was a bearish TK cross (blue fell below purple) on May 29th. Two positive signs: triple bottom and a GBTC gap (will be shown in the next update) but overall bearish in this timeframe.
.
.
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

2 304:58 PM Jun 12, 2018

Bitcoin vs Gold (Correlation Study). Bitcoin in orange and Gold in yellow. The bottom panel is a correlation graph. If the blue area is above 0 the two are correlated in that timeframe. Below 0 they are uncorrelated. The blue graph area displays a predominantly fractal pattern indicating that Bitcoin and Gold are relatively uncorrelated assets.
.
The second panel compares Bitcoin and Ethereum (blue line). You can see they are highly correlated assets (like much of crypto).
.
.
.
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

6 548:44 PM Jun 8, 2018

Bitcoin Update (Cloud). Strong move up started on May 29 which coincided with a bearish TK cross (blue below purple line). However there were several consecutive days of positive volatility (not shown) not seen seen the low in February. Drop in volume near week’s end. On balance volume is trending towards positive territory. Directional movement still bearish.
.
Still well below the cloud and price will need cross up through several zones of resistance— Tenkan-sen (blue line), Kijun-sen (purple line) and 50 and 128 DMAs (green and orange lines) before reaching the cloud.
.
Cloud is thinning which could allow a short burst up to push price back into a longer term bullish trend.
.
.
.
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**

1 414:51 PM Jun 3, 2018

Bitcoin Bubble Update. A few weeks ago price shot up and overextended above the estimated bubble trend line (lower green curve). Now back on track for a potential $70K peak in December.
.
As mentioned in the previous update still seeing negative on balance volume but not as low as the earlier February correction. Directional movement is still bearish.
.
Expect price to oscillate around the trend on a week to week basis. Breakout to the upside will require an increase in volume
.
.
.
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**

2 385:10 PM May 30, 2018

Bitcoin’s Lightning Network Mainnet Map. Now 7000 nodes.
.
Lightning is a 2nd level layer protocol that runs on Bitcoin. Fast and scalable, it gives Bitcoin the ability to process millions of transactions per second and reduces payments to milliseconds.
.
Think of this as a digital “bar tab” with your “final bill” settled on chain after the channel between you and the bar is closed.
.
Learn more:
.
.
.
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

4 404:10 PM May 28, 2018

Bitcoin Nodes 2015 vs 2018. Data visualization map shows a time lapse of block propagation across the Bitcoin node network. The first video is 2015. Second video is 2018. Bitcoin is growing.
.
.
. **Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

4 385:18 PM May 27, 2018

Bitcoin Hashrate. Bitcoin hashrate (bottom panel and 2nd image) has been steadily climbing despite the drop in price. This is one way to look for bullish divergences. Bitcoin computing power is growing. On the 2nd image the hashrate has entered a parabolic growth phase.
.
Bitcoin hashrate (aka hash power) measures how much power the network is consuming to mine Bitcoin. Hashrate is essentially the number of attempts per second to successfully mine a block.
.
.
. **Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

6 513:49 PM May 26, 2018

Bitcoin Update. Significant price correction trend which may be attempting to retrace the April 12 candle (large green candle bottom left). That candle was a large move up without substantial volume so unlikely a runaway gap. Bitcoin futures (2nd image) gap between April 11 and 12 candles (blue box, red line) may be the driving force for this correction. If so, price will dip to $6800 to fill the gap before moving back up again.
.
The purple curve is my expected path forward. The current correction puts price back on this track. If volume picks up and price moves into the upper range of $10-15K by early fall, Bitcoin will likely see new ATHs by the end of 2018.
.
.
. **Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**

4 463:33 PM May 25, 2018

Bitcoin, Futures and the Ghost of Gold. Can gold futures launch in 1974 forecast Bitcoin’s next ATH? Based on gold’s historical price action after its futures were launched Bitcoin can reach up to $86K later this year. Read my Medium article (link in profile) for more details.
.
.
. **Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

2 384:16 PM May 24, 2018

Bitcoin Accumulation Study. The bottom panel shows Bitcoin’s price steadily falling from ATH of nearly $20K in December 2017 to recent low of $6700 in April 2018, just over 65% loss in value. The 200 DMA (black line) has flattened out near $10K.
.
Yet the top panel tells a different story. Bitcoin accumulation did not drop. It has remained relatively flat (1% increase) over the same time period as price fell. Accumulation 200 DMA (black line) is still trending up.
.
Take away — weak hands are being shaken out and new buyers are hodling their Bitcoins instead.
.
.
. **Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**

2 504:18 PM May 23, 2018

Bitcoin Update. Price dropped into the upper channel (bound the green dotted line). Selling pressure still evident in on balance volume and bearish signs on the directional movement indicator (not shown) in the current timeframe despite rebound last 3 days. Although a positive move, this confirms that price may still be ahead of late year projections to new ATHs of $70Kish. Sideways accumulation into the larger (lower) channel would form a strong foundation for a bigger move up.
.
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
.
**Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

4 518:49 PM May 20, 2018

Bitcoin Bubble (Update). Chart shows two consecutive down weeks putting price back on track for a more reasonable vector into the next Bubble. Directional movement is whipsawing between bears and bulls. On balance volume has turned down but only slightly. Price is projected to break above $10K at the end of August. The next few weeks will likely see choppy price action and threats of lower lows.
.
In a future post (and Medium article) I will review past Bitcoin Bubbles and propose how to detect the next one.
.
.
.
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
.
**Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

Popular Instagram Photos

Advertisements

Everything Bubble. Fueled by cheap credit and quantitative easing monetary policies equities, commodities, and loans are at an ATH. Several key signals point to a looming crisis in all of these sectors. The Fed Funds rate has been steadily climbing from its nadir during the last crisis and will trigger a massive deflation of this unhealthy economy lead by corporate bonds. And it may not take much of a rate hike to impact markets as US national debt is much (much) higher this time around.
.
.
.
Reference: Clarity Financial
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

3 3715 hours ago

Advertisements

US Deficit Spending and the Next Great Depression. The US is running a massive debt yet is expected to add $1.5T in the next fiscal year. Where is this money going? What’s next on the horizon?
.
Following is a summary of “The Economic Consequences Of Debt” by Tyler Durden (Zerohedge)
.
U.S. is currently running a nearly $1 Trillion dollar deficit during an economic expansion.
.
Nearly 75% of every tax dollar goes to non-productive spending.
.
Unbridled deficit spending simply “pulls forward” future consumption leaving a void that must be filled.
.
More debt is more economically destructive by diverting an ever growing amount of dollars away from productive investments to service payments.
.
Economy expected to grow at just 2% over the long-term, the economic deficit has never been greater.
.
Debt used to sustain US household standard of living well beyond what income and wage growth could support.
.
Real wage growth remains primarily stagnate, consumers are forced to turn to credit to fill the gap in maintaining their current standard of living.
.
The massive indulgence in debt has simply created a “credit-induced boom” which has now reached its inevitable conclusion.
.
When credit creation can no longer be sustained, the markets must clear the excesses before the next cycle can begin.
.
A reversion to a structurally manageable level of debt would involve a nearly $40 Trillion reduction of total credit market debt from current levels.
.
The last time such a reversion occurred the period was known as the “Great Depression.”
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

3 346 days ago

Bitcoin and the Fed
.
Federal Reserve of St. Louis is “crypto friendly.” They are providing basic price information about Bitcoin and a few others.
.
Their blog posts and fintech article approach Bitcoin with extreme caution. Yet its inclusion in monetary policy discussion is a very encouraging sign.
.
Read more at
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

2 4212:22 PM Nov 7, 2018

Advertisements

Bitcoin Wallets. Continued strong growth in Bitcoin wallet despite the price drop. However an individual may have more than 1 wallet and this may simply be a behavioral usage indicator—users are generating a new wallet for each transaction (recommended).
.
The second graph shows number of unique Bitcoin addresses used. It dipped after the bubble burst but since about mid June 2018 has slowly, steadily climbed. We could interpret this as renewed interest and accumulation.
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

4 3310:58 AM Nov 9, 2018

Islamic Financial Expert Affirms That Cryptocurrency Is “Halal”
The Chairman of the International Business Forum (IBF) Erol Yarar has urged Islamic countries to embrace a common type of cryptocurrency system. The call was made due to the growing concerns among Muslim states on the overwhelming nature of the U.S. dollar and its grip on the world financial markets,reported Anadolu Agency on November 5, 2018.
..................... Interestingly, earlier in May 2018, BTCManagerinformed that the Shacklewell Lane mosque in London had accepted bitcoin and etherdonations for Zakat and Sadaqah during the last Ramadan season.
#Bitoin#cryptocurency#blockchain#financial#btc#bitcoinnews#bitcoinhodler

0 4yesterday

Bitcoin’s hashrate has been steadily climbing through much of this year despite the precipitous drop in price. However, over the last several weeks hashrate trend has been flat in line with the Bitcoin’s narrow price range.
.
Interestingly in 2015 hashrate also flattened during the bear market (2nd pic) and remained flat until there were signs of price recovery (orange line).
.
We can look at the current hashrate trend as the end of the blow off period from the 2017 bubble. However going forward it is not clear if Bitcoin will replicate the 2015 market with continued price pressure or trade in a narrow range until breaking the current resistance to the upside.
.
.
.
**Not investment advice. Do your own research. Be smart and only invest what you are willing to lose. Crypto is volatile 🤣—>😫—>🤣—>😫**
.
.
. **Disclosure: I have positions in Bitcoin (all forks), Litecoin, Goldcoin, Dash, Monero, Decred, and others**

Happy birthday Bitcoin!!! We have a HUGE birthday today y'all! 🎂🎉🎊 A decade ago today, Bitcoin's founder Satoshi Nakamoto published a nine-page long academic style paper called "Bitcoin: A Peer-to-Peer Electronic Cash System." The paper would go on to act as the founding text for the cryptocurrency, and lead to the first Bitcoin transactions being carried out on January 3rd 2009.
It's impossible to say how much bitcoin has increased in price single its earliest incarnation, because its value back then was in the fractions of cents. A conservative estimate, based on bitcoin's current price being around $6,300 per coin, and its early price being less than $0.01, would see bitcoin's value increasing more than 1 million fold in the last decade.
Congratulations to all the early adopters. Let's continue "rackin' 'em up". #BitcoinHODLer#IamaBitcoinMiner#IamaCryptoTrader#IamaCryptoConsultant#Bitcoin#Cryptocurrency#Blockchain
Kagwiriaminesbitcoins.com